AUDUSD: Strong daily and weekly uptrend in place
Updated
Levels on chart.
AUDUSD is in an uptrend, we're seeing divergence in MACD, it looks to be an impulsive advance.
The weekly signal points to a rally into the 0.82059-0.83677 region.
Any chance to hook up to the rally would be a nice long.
I think we will see a retracement here, so, going long might work nicely.
If we cross below the horizontal levels, we can expect price to revisit the next level below.
Good luck!
Ivan.
AUDUSD is in an uptrend, we're seeing divergence in MACD, it looks to be an impulsive advance.
The weekly signal points to a rally into the 0.82059-0.83677 region.
Any chance to hook up to the rally would be a nice long.
I think we will see a retracement here, so, going long might work nicely.
If we cross below the horizontal levels, we can expect price to revisit the next level below.
Good luck!
Ivan.
Trade closed: stop reached
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